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this is the way

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duke348

694 Posts.

102

16/05/23

15:28

Post #: 67802100
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Originally posted by ForeverNewbie: ↑

I think people need to understand how micro cap stocks work.
It runs hard on consistent news, until it becomes de-risked that there is a legitimate prospect.

Right now, we have no confirmed any of them. All projects, either don't have results or have a *next to the result.
This means the risk is still exceptional high. Everyone that jumped on after the REE results, were expecting Isa, NZ and further Eyre results in a small period of time, which hasn't materialised.

People need to remember that this stock was IPO'd on Ni, Cu, Li and Au. Not REE, right now we have no results on any of them.
Until this proves actual worth in any of its projects. We are going to slowly sell off once the hype ends.

This is not a pump and dump stock, but it is heavily susceptible to volatility when expectations on news gets missed.
The reality of the stock, black and white. This will rocket on good news and capitulate on any poor results and it will be a long period between drill results.

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this is the way

LRV Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 10.5¢		Change 0.005(5.00%)		Mkt cap ! $25.02M

Open	High	Low	Value	Volume
10.0¢	10.5¢	10.0¢	$71.24K	681.3K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	201703	4

View Market Depth

No.	Vol.	Price($)
1	50000	0.105
7	1004593	0.100
1	100000	0.097
4	118931	0.096
4	179950	0.095

Price($)	Vol.	No.
0.110	201703	4
0.115	95000	3
0.120	222786	3
0.125	135106	2
0.130	333500	2

Last trade - 12.28pm 26/06/2024 (20 minute delay)

LRV (ASX) Chart